L2 Counsel was co-counsel for 174 Power Global, a subsidiary of Hanwha Energy Corporation of Korea, in a utility scale solar and storage project joint venture with an affiliate of Total of France to produce 1.6GW of renewable energy plants.
San Francisco, CA (PRUnderground) January 27th, 2021
Solar-plus-storage developer 174 Power Global, a subsidiary of Hanwha Energy Corporation of Korea, has entered into a joint venture with an affiliate of French energy conglomerate Total, to develop utility-scale solar and storage projects with a total capacity of 1.6GW in the United States.
The plants, which are to all be completed by 2024, will be constructed in Texas, Nevada, Oregon, Wyoming, and Virginia. The projects were sourced from 174 Power Global’s strong development pipeline.
The in-house legal team at 174 Power Global was led by general counsel Carolyn Byun and vice president of legal Pauline Ung. L2 Counsel, P.C. was co-counsel for 174 Power Global, together with Amis Patel & Brewer, Stoel Rives and DLA Piper. The L2 Counsel team was led by Louis Lehot, alongside Natasha Allen and Nicole Hatcher.
Louis Lehot of L2 Counsel, said, “We are excited to be a part of what is a significant step for the renewables and storage market.”
L2 Counsel, P.C. is an elite boutique law firm based in Silicon Valley designed to serve entrepreneurs, innovative companies, and investors with sound legal strategies and solutions.
About Louis Lehot
L2 Counsel was founded by Louis Lehot, a corporate, securities, and M & A lawyer who helps clients, whether they be public or private companies, financial sponsors, venture capitalists, investors, or investment banks, in forming, financing, governing, buying, and selling companies. Louis is praised by clients, colleagues and industry guides for his business acumen, legal expertise and leadership in the global Silicon Valley.
About 174 Power Global
174 Power Global is a leading solar and energy storage project developer focused on North America’s utility and C&I energy markets. The company is wholly owned by the Hanwha Group, and has offices in Houston, Irvine, California and New York City. With deep expertise across the full spectrum of the project development cycle, 174 Power Global works closely with utilities,landowners, local communities, financial investors, and other partners to build highly productive, utility scale and C&I solar power plants throughout North America. Since its formation in 2017, 174 Power Global has signed over 3 gigawatts (GW) of power purchase agreements (PPAs) with more than 8 GW of additional solar projects and 10GWh of ESS projects in the
Total is a broad energy company that produces and markets fuels, natural gas and electricity. Our 100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
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Louis Lehot is the founder of L2 Counsel, P.C., an elite boutique law firm in Palo Alto, California, established to serve a gap in the market for innovators, disruptors, entrepreneurs and their investors with strategic solutions that make sense. Whether your company is two people just getting off the ground, or a large publicly traded company, Louis Lehot’s team has the experience and expertise to serve your interests. L2 Counsel specializes in representing high growth, innovative companies, helping them at all stages of development. From assisting with formation to financing, from seed or venture capital investors, to preparing for an exit, a public financing on a major international joint venture, Louis takes pride in assisting companies as they grow. Helping a business get big, go public, or get acquired, is his specialty. Louis has worked across sectors, from artificial intelligence, cybersecurity, fintech, enterprise software, real estate, life sciences, to clean energy technologies and projects. His broad experience uniquely positions him to provide tailored advice to drive outcomes for his clients. Louis is widely known for his expertise in cross-border transactions and has been a prominent business and legal leader in Silicon Valley. L2 Counsel is positioned to serve innovators across a wide range of sectors and Louis welcomes conversations to help ideas reach their growth objectives.